Martin Smith Opticians Limited

Martin Smith Opticians Limited, based in Lincoln, is a small, active family business established 20 years ago. The company employs seven people and holds £234,952 in assets, operating from a real address at 22 Saltergate. With two directors and two owners, it’s a tight-knit operation boasting a stellar 5.0 Google rating from 16 reviews. The business regularly imports optical and medical tools and devices, with recent activity recorded just last month.

The company's website highlights its specialization in comprehensive eye examinations and clinical care, positioning itself as a leader in the field. It’s clear they've won awards, and they even have a section dedicated to Dr. Martin Smith, who is apparently a UK Optometrist of the Year winner. The site emphasizes technological advancements and specialized treatments like dry eye management and IPL therapy, catering to a discerning clientele. They also have a section on sports eyewear, which is a nice touch.

Financially, Martin Smith Opticians Limited presents a mixed picture. Current assets decreased by 10% to £230,000, while net assets dropped 20% to £240,000. Bank borrowings have increased, and cash reserves have fallen, which is not ideal. Creditors also rose, suggesting a need to manage debt. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps keep costs down, but the decline in equity is something to watch. The company is exempt from an audit, so the figures are unaudited.

Overall, Martin Smith Opticians Limited seems to be a well-regarded business with a strong reputation, but the recent financial trends suggest a need for careful management. It’s clear they’re focusing on high-value services and specialized treatments, which is a good strategy, but keeping an eye on cash flow will be essential for long-term success.

Registered in England/Wales under the registration number 05148514, with a registered address at LN2 1DH, 22 Saltergate, Lincoln.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.